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GOVERNMENT

Top legislator urges redressing economic disequilibrium away from wages

January 23, 2020

Top legislator urges redressing economic disequilibrium away from wages

Kuwaiti National Assembly (parliament) Speaker Marzouq Al-Ghanim said on Wednesday it is essential to keep citizens’ pay intact while trying to redress any economic imbalances. Speaking to reporters following a parliament sitting, the speaker underlined that both legislative and executive bodies need to work together in order to pass pieces of legislation purposed to boost the country’s income"... Continue Reading

‘Govt has no plan to cut down subsidies, affect public pocket’

January 23, 2020

‘Govt has no plan to cut down subsidies, affect public pocket’

KUWAIT CITY, Jan 22: Minister of Finance and acting Minister of State for Economic Affairs Maryam Al-Aqeel denied that government has any tendency to reduce or cut down subsidies, stressing the idea of compromising the citizen’s pocket is out of the question but it is impossible for them to enjoy and fortify their legal positions, reports Al-Qabas daily.

Minister"... Continue Reading

MPs keep up pressure on Aqeel over budget

January 20, 2020

MPs keep up pressure on Aqeel over budget

KUWAIT: Lawmakers continued yesterday their criticism of Finance Minister Mariam Al-Aqeel over her controversial remarks about the need to cut spending and raise revenues by imposing selective taxes. Aqeel’s remarks were made last week while presenting the budget for 2020/2021, which projected the deficit to increase to well over KD 9 billion after making the deduction for the future generations fund,"... Continue Reading

Sheikh Mohammed bin Zayed honours the 10 winners of Zayed Sustainability Prize 2020

January 14, 2020

Sheikh Mohammed bin Zayed honours the 10 winners of Zayed Sustainability Prize 2020

His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, presented awards to the 10 winners of the Zayed Sustainability Prize with the participation of a number of world leaders, at the Prize’s annual awards ceremony, coinciding with the start of Abu Dhabi Sustainability Week.

Now"... Continue Reading

5-days holiday for Kuwait National Days this year

January 13, 2020

5-days holiday for Kuwait National Days this year

KUWAIT CITY, Jan 12: The holidays of Kuwait’s Independence Day and Liberation Day will fall on Tuesday, February 25 and Wednesday, February 26 respectively.

Thursday, February 27 will be considered as a holiday since it falls between a public holiday and the weekend, based on the Cabinet’s decision No. 4/1979 issued"... Continue Reading

Government says no secret clause in neutral zone pact

January 11, 2020

Government says no secret clause in neutral zone pact

KUWAIT: The government told the National Assembly that Kuwait has not made any territorial concessions in striking a new border pact with neighboring Saudi Arabia in the divided zone, denying that the deal includes any secret clauses. Foreign Minister Sheikh Ahmad Nasser Al-Sabah told the assembly that the agreement guarantees complete sovereignty of each country on its side of the divided zone and also"... Continue Reading

Govt agrees to discuss public sector Kuwaitization with MPs

January 8, 2020

Govt agrees to discuss public sector Kuwaitization with MPs

KUWAIT: The government agreed to discuss Kuwaitis’ employment and the measures to be taken to nationalize all public sector jobs, as requested by lawmakers, well-informed sources said. Speaking on the condition of anonymity, the sources added that the government requested allocating two hours a month to discuss one of the basic issues and leave regular parliament sessions to discuss other laws and"... Continue Reading

Kuwaiti ministers briefed on 2020-2021 state budget

January 8, 2020

Kuwaiti ministers briefed on 2020-2021 state budget

KUWAIT: Minister of Finance and Acting State Minister for Economic Affairs Mariam Al-Aqeel and several officials of the Ministry of Finance and Kuwait Investment Authority apprised the Cabinet of the main features of the draft state budget for the fiscal year 2020-2021. The Cabinet expressed appreciation for efforts made by the Ministry of Finance in preparing the draft budget, hoping that the desired goals"... Continue Reading

Saudi-Kuwait ‘border’ issue settled; production to begin

December 29, 2019

Saudi-Kuwait ‘border’ issue settled; production to begin

THE agreement signed in Kuwait last Tuesday between Saudi Arabia and Kuwait concerning the divided zone has settled the issue forever, opening a new page of cooperation. This is detailed in the agreement, which includes a memorandum of understanding and an attachment explaining the precise locations in order to avoid any misunderstandings concerning the equal division of the land, oil and gas by 50 percent"... Continue Reading

Over 31,000 new residential units coming up in Kuwait

December 28, 2019

Over 31,000 new residential units coming up in Kuwait

Work is currently under way on 31,500 residential units across Kuwait, mainly in the prime localities of Al Metla’a and South Abdullah Al Mubarak and is due for completion by fiscal year 2019/2020, reported Arab Times, citing a senior government official.

A total of 28,288 housing units are being constructed in Al Metla’a area, while 3,260 will come up in South Abdullah Al-Mubarak,"... Continue Reading

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